Metals and Mining

Company Overview of Klondex Gold & Silver Mining Company

Company Overview

Klondex Gold & Silver Mining Company engages in the ownership, acquisition, exploitation, exploration, development, evaluation, and disposition of gold and silver properties. The company is based in Nevada. Klondex Gold & Silver Mining Company operates as a subsidiary of Klondex Mines Ltd.

, NV

United States

Key Executives for Klondex Gold & Silver Mining Company

Klondex Gold & Silver Mining Company does not have any Key Executives recorded.

Klondex Gold & Silver Mining Company Key Developments

Klondex Mines Ltd. announced that its subsidiary, Klondex Gold & Silver Mining Company has obtained and drawn down on a bridge loan facility of USD 1,999,999 (the K2 Loan) advanced by the K2 Principal Fund L.P. (K2), a significant shareholder of the Company, and on a bridge loan facility of USD 400,000 advanced by a third party (the Lender). Each of the Loans is evidenced by a promissory note bearing interest at the rate of 1% per 30-day period and maturing on November 30, 2013, with provisions for additional interest payments in the event that certain minimum payments are not made during the term of the Loan. The Loans are guaranteed by Klondex and are secured against the personal property of KGS, including extracted minerals obtained from the Company's Fire Creek Project in Nevada. Proceeds from the Loans will be used for general working capital purposes. In addition, KGS and the Lender have also agreed to amend the terms of an existing USD 1.6 million promissory note in favour of the Lender to, among other things, extend the term of such note (the Extension).

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